Neptune Digital expands crypto holdings with BTC and DOGE purchases

Neptune Digital Assets Corp., a leading Canadian blockchain company, has announced the acquisition of 20 additional Bitcoin and 1 million Dogecoin.

The Bitcoin purchase was made at an average price of $99,833 per BTC, totaling approximately $2 million USD. This acquisition, conducted between January 26 and February 3, 2025, increases Neptune’s total Bitcoin holdings to 376 BTC.

In addition to expanding its Bitcoin reserves, Neptune has further diversified its cryptocurrency portfolio by acquiring 1,000,000 DOGE tokens through a strategic derivative purchase on December 27, 2024, at an average price of $0.37 USD per DOGE.

Neptune’s CEO, Cale Moodie, emphasized the company’s long-term strategy:

“With a strong focus on BTC, these initial acquisitions show Neptune’s commitment to its growth strategy while meticulously managing leverage risk and debt levels.”

This move aligns with Neptune’s ongoing efforts to increase its Bitcoin holdings through direct acquisition, derivative trading, converting staking rewards into Bitcoin, and Bitcoin mining. 

Beyond digital asset accumulation, the company partners with and invests in cutting-edge technology projects, spanning fields such as digital assets, fintech, and space exploration.

Neptune Digital Assets Corp. is one of Canada’s first publicly traded blockchain companies and a market leader in digital assets.

The company builds, owns, and operates infrastructure supporting the digital currency ecosystem in Canada, including Bitcoin mining, proof-of-stake mining, blockchain nodes, and decentralized finance.

These purchases are similar to those made by other corporations, such as Microstrategy and Genius Group, which have gained traction in the crypto space by acquiring Bitcoin as part of their financial strategy.